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Smart Sensors - Market Analysis, Trends, and Forecasts

  • ID: 338514
  • Report
  • February 2020
  • Region: Global
  • 107 Pages
  • Global Industry Analysts, Inc
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Smart Sensors market worldwide is projected to grow by US$61.9 Billion, driven by a compounded growth of 16.1%. Smart Flow Sensors, one of the segments analyzed and sized in this study, displays the potential to grow at over 15%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$40.8 Billion by the year 2025, Smart Flow Sensors will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 17.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$2.4 Billion to the region's size and clout in the next 5 to 6 years. Over US$3 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Smart Flow Sensors will reach a market size of US$3.2 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 15.9% over the next couple of years and add approximately US$10.9 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • ABB
  • Analog Devices Inc.
  • Delphi Automotive Plc
  • Eaton Corporation Plc
  • Honeywell International Inc.
  • Infineon Technologies AG
  • NXP Semiconductors
  • Omron Corp.
  • Raytek Corp.
  • Robert Bosch GmBH
  • Schneider Electric SE
  • Sensata Technologies Inc.
  • SICK AG
  • Siemens AG
  • Smart Sensors Inc.
  • Vishay Intertechnology Inc.
  • Yokogawa Electric Corp.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Recent Market Activity

Sensors - A Prelude

Introduction to Smart Sensors

Smart Sensors Market over the Years

The IoT Phenomenon Necessitates Usage of Smart Sensors

Smart Sensors Witness Demand from Various Application Markets

Energy Efficient Miniaturized Sensors in Demand

MEMS - Enjoys Highest Popularity among All Sectors

Smart Sensing Improves Manufacturing Efficiencies

Initiating Maintenance Protocols and Predicting Equipment Failures

Sensors to Control, Monitor and Improve Processes

Maintenance of Historical Records, Logs and Regulatory Compliance

Sending Irregularities and Quality Standards Notifications Automatically

Predictive Monitoring, Analytics and Informatics with Smart Sensors

More Information Quickly and Easily

Rapidly Developing Sensor Technology Landscape

IoT for Analyzing and Unearthing Big Data

Global Competitor Market Shares

Smart Sensors Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Enhance Responsiveness and Fasten Flow of Information

2. FOCUS ON SELECT PLAYERS

ABB (Switzerland)

Analog Devices Inc. (USA)

Delphi Automotive Plc (UK)

Eaton Corporation Plc (Ireland)

Honeywell International, Inc. (USA)

Infineon Technologies AG (Germany)

NXP Semiconductors (The Netherlands)

Omron Corp. (Japan)

Raytek Corporation (USA)

Robert Bosch GmBH (Germany)

Schneider Electric SE (France)

Sensata Technologies, Inc. (USA)

SICK AG (Germany)

Siemens AG (Germany)

Smart Sensors Inc. (USA)

Vishay Intertechnology, Inc (USA)

Yokogawa Electric Corporation (Japan)

3. MARKET TRENDS & DRIVERS

Smart Flow Sensors Market - The Largest Revenue Contributor

A Look into Key End-Use Opportunities for Flow Sensors

Healthy Outlook for Flow Meters to Benefit Demand for Smart Flow Sensors

Opportunity Indicator

Smart Pressure Sensors - The Fastest Growing Product Segment

Review of Key End-Use Opportunities for Smart Pressure Sensors

Smart Temperature Sensors

Miniature Temperature Sensors Grow in Popularity

Key Application Areas for Temperature Sensors

Digital/Smart Load Cells - A Budding Market

MEMS Technology Expands Opportunities for Smart Sensors

Wireless Smart Sensors Gaining Traction

Smart Grid Sensors - North America Dominates

Automotive Market - Opportunities Galore

Weight Reduction of Automobiles to Drive Demand for Light-Weight and Smaller Smart Sensors

Integration of Safety & Control Technologies in Automobiles on the Rise - Bodes Well for Automotive Sensors Market

Critical Role of Smart Sensors in Collision Avoidance Systems

Airbags - A Key Application Area for Smart Sensors in Automotive Market

Opportunity Indicators

Growing Integration of TPMS Drives Demand for Smart Pressure Sensors

Intelligent Sensors for Smart Cars

Deployment of Smart Sensors Capable of "feeling" the Surroundings

Leveraging Advanced Analytics to Make Systems that 'Think' Intelligently

Balancing Innovation and Security to Steer the Road Ahead

Opportunity Indicator for Smart Pressure Sensors in Automotive Market

Growing Penetration of MEMS Pressure Sensors in Automotive Segment

MEMS/MST Application Opportunities in Vehicle Diagnostic/Monitoring Systems

Projected Rise in Automotive Demand & Subsequent Rise in Production Bodes Well for Smart Sensors Market

Opportunity Indicators

Resurgence in Manufacturing/Industrial Sector Boosts Demand for Smart Sensors in Production/Processing Activity and Machinery Applications

Process Industries - A Major Market for Pressure Sensors

Automation of Industrial Processes to Benefit Industrial Position Sensors

Optimizing Energy Consumption in Manufacturing Plants: A Key Growth Driver for Smart Flow Sensors

Position Sensors in Machine Tools to Witness Growth

Opportunity Indicators

Smart Sensors Predict Machinery Malfunctions

Smart Sensors Ensure Reduced Industrial Emissions

Oil & Gas Industry Presents Strong Growth Opportunities for Smart Sensors

Oil & Gas - A Major Market for Smart Pressure Sensors

Booming Shale Gas Extraction - A Boon for Smart Temperature Sensors Market

Untapped Opportunities for Position Sensors in the Oil & Gas Industry

Rising Focus on Wind Energy to Benefit Position Sensors Used in Wind Turbines

Opportunity Indicator

Growing Proliferation of Consumer Electronic Devices to Drive Demand for Electronic Components

Inline Electronics Inspection with 3D Smart Sensors

Blue Laser for Cleaner Profiles

Sensor Firmware Customization

Gocator Emulator - A 'Virtual Sensor' Testing Environment

Increasing Demand for High-End Smartphones & Tablet PCs Boosts Demand for Multi-Functional Sensors

Increasing Usage in Defense, Academic and Aerospace Sectors

Medicine - Another High Growth Potential Market for Smart Sensors

Smart Packaging Sensors in Safeguarding Foods and Drugs

Future Applications

Novel Technologies Redefine Market Dynamics - A Look into Key Technology Developments over the Years

Sensors Become Smaller and Smarter

Nano-Sensor Technology Demonstrate Bright Future Prospects

Conventional Technologies Lose Share to Modern Technologies in Flow Sensors Market

Technology Developments in Pressure Sensors Market Over the Years

Micromachined Solutions Overshadows Mechanical Sensors Market

Micromachined Solutions Overshadows Mechanical Sensors Market

Smart Dust Technology Opens up New Avenues for Smart Sensors

Wireless and Implantable Sensors - A Breakthrough in Medicine

Smart Sensors & Their Use in 'Thought Controlled Computing' Applications - A Reality or Myth

Integrated RFID Sensors - A Promising Market

Multi-Functional Spintronic Smart Sensors - A Glimpse of the Future

Plug and Play Smart TEDS Sensors - An Overview

Bluetooth Technology Spurs Growth in Smart Sensors Market

Intelligent Products - Ongoing Trend in Process Pressure Transmitter Industry

Smart Adaptable Interfaces Offer Cost Effective Alternative

BiSS - A Low Cost Interface

Manufacturers Seek Cost-Focused Approach

Growing Applications & Technology Advancements Attract New Players

Customer Service and Specialization: An Emerging Strategy

Smart Sensors - Corporate Security and Counter-Terrorism

Interface Standards - No Longer a Contentious Issue?

Sensors Market - Competitive Scenario

Companies in Expansion Mode through M&A Activities

Smart Sensors Drive Manufacturers towards Smart Strategies

Identifying the Appropriate Strategic Move

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Smart Sensors Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Smart Sensors Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Smart Sensors Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Smart Flow Sensors (Product Segment) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 5: Smart Flow Sensors (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017

TABLE 6: Smart Flow Sensors (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: Smart Pressure Sensors (Product Segment) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 8: Smart Pressure Sensors (Product Segment) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017

TABLE 9: Smart Pressure Sensors (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025

TABLE 10: Smart Temperature Sensors (Product Segment) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 11: Smart Temperature Sensors (Product Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017

TABLE 12: Smart Temperature Sensors (Product Segment) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025

TABLE 13: Smart Position Sensors (Product Segment) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 14: Smart Position Sensors (Product Segment) Market Historic Review by Region/Country in US$ Million: 2009 to 2017

TABLE 15: Smart Position Sensors (Product Segment) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025

TABLE 16: Smart Load Cells (Product Segment) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 17: Smart Load Cells (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017

TABLE 18: Smart Load Cells (Product Segment) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Smart Sensors Market Share (in %) by Company: 2020 & 2025

Market Analytics

TABLE 19: United States Smart Sensors Market Estimates and Projections in US$ Million by Product Segment: 2018 to 2025

TABLE 20: Smart Sensors Market in the United States by Product Segment: A Historic Review in US$ Million for 2009-2017

TABLE 21: United States Smart Sensors Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

CANADA

TABLE 22: Canadian Smart Sensors Market Estimates and Forecasts in US$ Million by Product Segment: 2018 to 2025

TABLE 23: Canadian Smart Sensors Historic Market Review by Product Segment in US$ Million: 2009-2017

TABLE 24: Smart Sensors Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025

JAPAN

TABLE 25: Japanese Market for Smart Sensors: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2018-2025

TABLE 26: Smart Sensors Market in Japan: Historic Sales Analysis in US$ Million by Product Segment for the Period 2009-2017

TABLE 27: Japanese Smart Sensors Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

CHINA

TABLE 28: Chinese Smart Sensors Market Growth Prospects in US$ Million by Product Segment for the Period 2018-2025

TABLE 29: Smart Sensors Historic Market Analysis in China in US$ Million by Product Segment: 2009-2017

TABLE 30: Chinese Smart Sensors Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025

EUROPE

Market Facts & Figures

European Smart Sensors Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

TABLE 31: European Smart Sensors Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 32: Smart Sensors Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 33: European Smart Sensors Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 34: European Smart Sensors Market Estimates and Forecasts in US$ Million by Product Segment: 2018-2025

TABLE 35: Smart Sensors Market in Europe in US$ Million by Product Segment: A Historic Review for the Period 2009-2017

TABLE 36: European Smart Sensors Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

FRANCE

TABLE 37: Smart Sensors Market in France by Product Segment: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 38: French Smart Sensors Historic Market Scenario in US$ Million by Product Segment: 2009-2017

TABLE 39: French Smart Sensors Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

GERMANY

TABLE 40: Smart Sensors Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2018-2025

TABLE 41: German Smart Sensors Historic Market Analysis in US$ Million by Product Segment: 2009-2017

TABLE 42: German Smart Sensors Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

ITALY

TABLE 43: Italian Smart Sensors Market Growth Prospects in US$ Million by Product Segment for the Period 2018-2025

TABLE 44: Smart Sensors Historic Market Analysis in Italy in US$ Million by Product Segment: 2009-2017

TABLE 45: Italian Smart Sensors Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025

UNITED KINGDOM

TABLE 46: United Kingdom Market for Smart Sensors: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2018-2025

TABLE 47: Smart Sensors Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Segment for the Period 2009-2017

TABLE 48: United Kingdom Smart Sensors Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 49: Rest of Europe Smart Sensors Market Estimates and Forecasts in US$ Million by Product Segment: 2018-2025

TABLE 50: Smart Sensors Market in Rest of Europe in US$ Million by Product Segment: A Historic Review for the Period 2009-2017

TABLE 51: Rest of Europe Smart Sensors Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

ASIA-PACIFIC

TABLE 52: Smart Sensors Market in Asia-Pacific by Product Segment: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 53: Asia-Pacific Smart Sensors Historic Market Scenario in US$ Million by Product Segment: 2009-2017

TABLE 54: Asia-Pacific Smart Sensors Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

REST OF WORLD

TABLE 55: Rest of World Smart Sensors Market Estimates and Forecasts in US$ Million by Product Segment: 2018 to 2025

TABLE 56: Rest of World Smart Sensors Historic Market Review by Product Segment in US$ Million: 2009-2017

TABLE 57: Smart Sensors Market in Rest of World: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025

IV. COMPETITION

Total Companies Profiled: 73

Note: Product cover images may vary from those shown
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